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Bumpy week after week, repeated month after month. This is the cycle of time, and in the blink of an eye, it's the weekend again. As May comes to an end, how many unfinished dreams do you still have?
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After another round of highs and lows supported by data, the trend of BTC is still in a range-bound consolidation. It is difficult to break the current situation in the short term. The main theme of this week is still oscillation, with continuous consolidation around the range. In the short term, there are still no one-sided signals. Today is Saturday, so it is still advisable to sell high and buy low within the range.
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From the trend point of view, the daily chart is still in a volatile adjustment state. Yesterday, it rebounded from a high and fell back. The resistance above the price is still at the 69,000 level, while the support below is at the 67,000 level. Although it broke through in the early morning, it did not continue to decline. Therefore, the strength of the resistance at this position is still evident. Currently, it can only be seen as a short-term consolidation. If there is no strong decline to break the support, the bulls will continue to exert force after the adjustment ends.
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